The profit realised by the Islamic bank as a result of entering into salam contract is
A) a predetermined percentage of the total value of the crops sold in the open market:
B) the difference between the selling price at the open market and the cost price of the crops as concluded with the farmer
C) administrative fees and service charges paid by the farmers
D) all of the above
Correct Answer:
Verified
Q92: The conventional MFIs get their funds from
A)
Q93: Which of the following is NOT a
Q94: Within the framework of Islamic MFIs, should
Q95: _ may be used for a microenterprise
Q96: In the salam contract:
A) the contractual terms
Q98: Differences between Islamic MFIs and conventional MFIs
Q99: The two types of Mudarabah contractual arrangements
Q100: _ is more appropriate for micro-farming.
A) profit-sharing
Q101: Name the debt and equity modes of
Q102: Similarities between banks and MFIs in the
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